Muhammed Ali Net Worth, Biography | Family | Career | Death and lot more
Muhammed Ali Net Worth and Salary: At the time of his death in 2016, the boxer had a net worth of $50 million. He was one of the world’s highest-paid athletes at the time. He made a lot of money fighting; his highest pay was $7.9 million, which roughly translates to $22 million in 2020.He was also a talented singer who had received two Grammy nominations. Furthermore, he had made cameos and appearances in films and starred as himself in his film biography. Ali also published two autobiographies.
In addition, he has had a fairly successful rap career. He is highly regarded in the hip-hop community and has served as an inspiration to many well-known rappers such as LL Cool J, Jay Z, Eminem, Diddy, and others. President George Bush also bestowed the Presidential Freedom of Honour on Ali.
Real Name: Muhammad Ali Date of birth: January 17, 1942 Age: 74 years old Height: 6 feet 2 inches (1.91m) Birthplace: Louisville, Kentucky, United States Nationality: American Wife: Lonnie Ali (m. 1986–2016), Veronica Porché Ali (m. 1977–1986), Khalilah Ali (m. 1967–1976), Sonji Roi (m. 1964–1966) Dating/Girlfriend: N/A Profession: Professional boxer, activist, and philanthropist Muhammad Ali Net Worth 2022: $50 Million Died: June 3, 2016
Muhammad Ali’s Earnings Throughout His Career
Ali was not the first boxer to earn a million dollars for a fight; Gene Tunney did so in 1927 for his rematch against Jack Dempsey. However, Ali was paid $2.5 million to fight Joe Frazier in 1971. That equates to $15 million today. In 1974, he earned $5.45 million by fighting George Foreman. That equates to $26 million today. Ali’s biggest payday came in 1980, when he earned $7.9 million for defeating Larry Holmes. Interestingly, when adjusted for inflation, $7.9 million in 1980 equals $22 million today, making Ali’s $5.45 million check in 1974 the largest payday of his career.
Ali allegedly sold the rights to his name and image for $50 million in 2006. As part of that agreement, Ali retained a 20% stake in his licensing. This 20% stake has generated $7 million in revenue per year.
On January 17, 1942, in Louisville, Kentucky, Cassius Marcellus Clay, Jr was born. He was the sixth of six children named Cassius Marcellus Clay Sr. His father painted billboard signs, and his mother, Odessa O’Grady Clay, raised Cassius and his younger brother. He attended Louisville’s Central High School and struggled with a learning disorder throughout his education. Cassius experienced many acts of racial injustice and prejudice as a child growing up in a segregated community, such as being denied a drink of water at a store. He was deeply affected by the murder of Emmett Till in 1955, which prompted him and a friend to vandalize a local railyard in protest.
Ali had four marriages. In August 1964, he married cocktail waitress Sonji Roi, and they divorced in January 1966. Ali married Belinda Boyd in August 1967, and the couple had four children. Ali was 32 years old when he had an extramarital affair with 16-year-old Wanda Bolton in 1974. The couple married in an Islamic ceremony that was not legally recognized by the state and had two children together.
In 1977, he married Veronica Porche, with whom he had two children. They divorced in 1986, and Ali married Yolanda Williams, a close friend of his since 1964. They had a son through adoption. Laila Ali, one of Ali’s daughters, was a professional boxer from 1999 to 2007.
Career in Professional Boxing
Clay returned to Louisville after the Olympics to begin his professional career. On October 29th, 1960, he made his winning debut and went undefeated for three years. 15 of the 19 fights were decided by knockout. Clay’s unusual boxing style was blamed for this. Boxers his size and shape were used to keeping their hands high to defend the face, but Clay used his quickness to avoid punches and kept his hands low. Clay quickly established a name for himself.
He was famous for predicting which round his fellow boxer would fight in, and he was seven times correct. In addition, he began taunting his opponents before each match. Cassius quickly rose to prominence as the leading contender to face current champion Sonny Liston. Despite his incredible record, Clay entered the fight as the underdog. In the end, Clay defeated Liston and became the youngest fighter in history to dethrone a heavyweight champion at the age of twenty-two.
When Cassius joined the Nation of Islam in 1964, he changed his name to Muhammad Ali. He refused to be drafted into the military in 1966, citing religious beliefs as well as his opposition to the Vietnam War. Ali was arrested and convicted of evading the draft. He had his boxing titles stripped, but he appealed to the Supreme Court. He had been out of the ring for four years and had lost his peak and prime athletic performance when his conviction was overturned in 1971.
Civil Rights activists praised and supported his refusal to be drafted, with Al Sharpton speaking out about Ali’s bravery and his energizing force behind the movement. Ralph Abernathy, a civil rights leader, presented him with the Martin Luther King Award in 1970. In a speech at the ceremony, Coretta Scott King described Ali as a “champion of justice, peace, and unity.”
Later that year, on March 8th, Ali faced heavyweight champion Joe Frazier at Madison Square Garden in what was dubbed “the fight of the century.” The fight lived up to its name, with the two undefeated fighters going 15 rounds. In the end, Frazier won the fight, handing Ali his first professional defeat.
Ali and Frazier would fight twice more. Because Frazier had already lost his title to George Foreman, their next fight was not a title fight. This time, Ali knocked out Frazier, setting up a fight with Foreman. Ali and Foreman’s match was dubbed “The Rumble in the Jungle” because it took place in Kinshasa, Zaire. Ali entered the fight as the underdog, and once again stunned the world by defeating Foreman to reclaim the heavyweight title in 1981.
Ali was well-known for his trash-talking in the ring, and his spoken-word poetry resembled hip-hop and rap. Ali was diagnosed with Parkinson’s Disease in 1984. Ali’s voice and motor skills were lost due to the syndrome. Despite this setback, he was an active participant in the Parkinson’s disease research during his lifetime.
He was given the honor of lighting the Olympic torch in 1996. Ali is the only three-time heavyweight champion in history. He’ll be remembered as one of the greatest heavyweight champions of all time. Ali was also a talented musician who received two Grammy nominations outside of the ring. He was also an actor, writer, and the author of two autobiographies.
He was well-known for his humanitarianism and philanthropy. Muhammad Ali, 74, died of septic shock on June 4, 2016 in Scottsdale, Arizona. His memorial service was well attended by fellow athletes and celebrities, and it was watched by an estimated 1 billion people worldwide.
What are Muhammad Ali’s best qualities?
Here, we will list some of the major characteristics in his personality that helped him become a prominent figure in his career and age.
It is an undeniable fact that when a person does something with passion, he achieves great success in life. Muhammad Ali’s personality reflected commitment and determination. When he set his mind to accomplish something, he pursued it with zeal and passion.
His life philosophy was to fight back even if you were defeated, but to do so with full commitment. The same philosophy he used to follow and apply in his professional life. The intensity with which he pursued his goals made him a world-class boxer.
Ali was regarded by his fans as the best boxer of his generation. He had brilliant boxing skills, and he used to practice with his opponents before the game began. When he entered the ring with this attitude, he used to defeat his opponent. So we can say that he won half of the game before starting the real game.
Despite the fact that Ali was a great boxer, he also used his words to persuade people. His words were of such high quality that people would listen to him and turn their attention to him when he began speaking. He once claimed to float like a butterfly and sting like a bee. People used to be his fans because of all of this, and they admired his every move in the ring.
He stood up for what he believed in
Muhammad Ali was well-known. He had influence, was aware of it, and made sure to use it for the right reasons. He was unapologetic about fighting for what he believed in. He never forgot to fight for black people’s rights, and in his later years, he worked hard to raise awareness for Parkinson’s Disease. Boxing brought him fame, but it did not define him. Instead, it served as a springboard for reaching out to the masses with relevant social messages in an effort to make the world a better place.
Awards and Achievements
Muhammad Ali has several titles, including six ‘Ring magazine Fighter of the Year’ awards.
- 3 ‘Ring heavyweight champions’ (1964-1971, 1974-1978, 1978-1979, 3 ‘lineal champions’)
- 2 ‘WBC heavyweight champion’ (1964–69, 1974–78)
- 3 ‘WBA heavyweight champion’ (1964–68, 1974–78, 1978–79)
- 3 ‘NABF heavyweight champion’ (1970–71, 1971–73, 1973–74)
- 2 ‘AAU champion’ (1959, 1960)
- 2 ‘National Golden Gloves champion,’
- 6 ‘Kentucky Golden Gloves champion’ (1955, 1956, 1957, 1958, 1959, 1960)
- ‘Olympic light-heavyweight champion’ (1960)
- ‘Sports Illustrated Sportsman of the Year’ (1974)
- ‘Associated Press Athlete of the Year’ (1974)
- ‘International Press Athlete of the Year’ (1974)
- 6 ‘Ring Magazine Fight of the Year’ (1963, 1965, 1971, 1974, 1975, 1978)
- 3 ‘BWAA Fighter of the Year’ (1965, 1974, 1975), etc
Muhammad Ali’s Famous Books
Muhammad Ali wrote several famous books during his career. Here are a few examples:
- I Am The Greatest! Album – 1963
- The Greatest: My Own Story – 1975
- Muhammad Ali In His Own Words – 1975
- Ì’m the Greatest ̀: The Wit and Humour of Muhammad Ali – 1975
- Muhammad Ali and Sri Chinmoy – 1976
- Black Crusoe, White Friday: Memoirs of “Paddy-Ali” – Irish Eccentric Muhammad Ali – 1979
- Ali: Journey of a Holy Man Muhammad Ali – 1999
- More Than a Hero: Muhammad Ali’s Life Lessons Presented Through His Daughter’s Eyes – 2000
- I Am the Greatest: The Best Quotations from Muhammad Ali – 2002
- The Soul of a Butterfly – 2003
- Eternal Longings: Historical Novel Muhammad Ali – 2006
- Knockout: The Art of Boxing – 2007
- Think Only Whites Are Racist? Think Again! A Blackman’s Perspective Muhammad Ali – 2007
- Cowards and Angels Muhammad Ali – 2012
- Muhammad Ali Unfiltered: Rare, Iconic, and Officially Authorized Photos of the Greatest – 2016
- His Side Her Side: Our Story of Domestic Violence and Forgiveness Muhammad Ali – 2016
- Fighting Words: The Greatest Muhammad Ali Stories Ever Told – 2016
Ali retired at the end of his career after developing Parkinson’s syndrome. Ali fought for the final time on December 11, 1981, but lost in the tenth round.
Muhammad Ali’s Death
Muhammad Ali, the great boxer, celebrated his birthday on January 17th every year in New Delhi. But this year, before his birthday, he dies of septic shock on June 3, 2016.
Muhammad Ali was diagnosed with Parkinson’s disease three years after retiring in 1984. Even as he battled the disease, he continued to fight against society’s social inequities. In addition, he worked to raise awareness about Parkinson’s disease. He died on June 3, 2016, leaving behind a legacy that the world will remember in the most positive terms.
For generations to come, his accomplishments will continue to inspire people from all walks of life.
“I’ve made my fair share of mistakes along the way, but if I’ve improved even one life, I haven’t lived in vain.”